Curacao

This region is a part of the Netherlands, so it legally belongs to the EU. It issues the most common licenses on the planet because every ninth gambling club works with this permission. The international license of this region is a single permit for all types of online casinos. The sub-license allows operators to work anywhere in the world. The exceptions are the Netherlands, France, the United States and the region itself. Organizations pay only 2% of income tax, and the tax on gross income is 0%. The lack of import duties and VAT makes it even more attractive for newcomers. In this case, reports are submitted once a year. This scheme is available only in Euro-Zone. Such papers are needed to open a license:

Documents for licensed casino registration, such as confirmation of domain rights, description of the game slots that you plan to use, list of countries where the casino will operate, and etcetera

Confirmation of the address of residence

Scanned copies of passports

The balance and movement of funds from the bank

CV (resume) with contact information.

All documents must be issued less than 90 days before submission. The term of consideration of the application ranges from 3 weeks to 2 months.

License cost

The total amount of spending will consist of several parts, among them there are one-time, and those that will be repeated each year. Here are the pays that newcomer will make:

Incorporation fee

Company registratio

Management costs

The application fee for review of a package of documents

License fee

License usage fee

Domain registration

Opening a bank account costs.

With the initial submission of documents, an operator can register only 2 domains. Curacao Internet Gaming Association also requires operators to install a transit server and conduct all transactions through it. This allows the regulator, if necessary, to track the work of the casino. In a year the maintenance of the server will cost $ 12 000. Summarizing, the total price for licensing will be about $ 20 thousand for opening a license and $ 15–20 thousand for additional costs. With additional expenses and taxes 2% of profit the whole amount can be around $ 40 thousand a year.

Types of licensing

There is one type of licenses for online casinos, but in two formats: the basic license and sublicense. The main license is issued directly to the company, which is engaged in the gambling business. It also allows operators to issue sublicenses to a third party. The sublicense allows operators to conduct the gambling business in the same way, but without the right to issue sublicenses to someone else. Sublicenses are cheaper and often costs around 2-4 thousand dollars. The basic license is valid for 5 years and is renewed automatically if all conditions are preserved. Sub-license is valid for an unlimited time. The company should be located in the region, as well as the main server with the data about the players. Corporate tax for companies in the local E-zone is 2%.

Concluding

Recently, Curacao jurisdiction has been in special demand for registering its gambling business. There are several reasons for this. This region offers high protection, widest market, and effective legal cooperation. While the license is in middle prices, the sublicense can be affordable for many newcomers. Here are the main advantages of the jurisdiction:

One of the fastest and easiest procedures for obtaining a license

The Ministry of Justice controls the issuance of licenses

The possibility of obtaining sublicenses

Registration time is less than a month

There are no registration fees

Taxes are 1% on profits

The cost of the license ranges from 10 to 20 thousand dollars

The legal address of the company is provided upon receipt of the license.